Most Recent Posts
Romney Accountant’s Letter – Exercise In Obfuscation ?
The Romney campaign did not just dump the Romney 2011 final 1040 on us Friday, providing us with hundreds of pages of mosty pointless disclosure forms. They also gave...
Mitt Romney Passing On Nearly Two Million In Charity – Stupidest Thing I Ever Heard
I have gone through the final version of Mitt Romney's 2011 federal tax return. It came out at 3:00 PM yesterday. It was very considerate of the campaign to release it...
Private Residence Club Does Not Trigger “New York Rule” On Resident Status
Originally published on Forbes.com on September 21st, 2012 A ruling by the New York Department of Taxation should give a huge boost to private residence clubs in...
Romney Ryan On Student Loans – Crony Capitalism ?
Originally published on Forbes.com on September 20th, 2012 Alan Collinge is the founder of StudentLoanJustice.Org and author of The Student Loan Scam: The Most...
Mitt Romney And The 47% All A Matter Of Context
Everybody is picking on Mitt again. It is just like when he went on extension. I feel obligated to stick up for him. In case you haven't read about it in 47 other...
1099s From Insurance Companies – Don’t Ignore But Don’t Take At Face Value Either
Life insurance is an income tax advantaged investment. The build-up in value of a whole life policy is not subject to current taxation. Proceeds paid as the result of...
Pennsylvania Supreme Court Finds H&R Block Customers Not Necessarily Gullible
The Pennsylvania Supreme Court decision last week in Basile v H&R Block, Inc. may be the end of the line for a class action suit that has been bouncing around for...
Tax Court Denies Late Petition Sent FedEx Express Saver
Marcius and Andrea Scaggs will not be contesting their deficiency notice in Tax Court. They lost their right to appeal to Tax Court by economizing on their...
Are Divorce Attorneys Trying To Whipsaw IRS ?
Broadly speaking there are three types of payments connected to divorce. They are property settlements, child support and alimony. The first two do not create taxable...
Sale Of Hartford Property For Delinquent Real Estate Taxes Whets Appetite For Rest Of The Story
Some tax matters are pretty simple. For example, if you don't pay real estate taxes on property you own, sooner or later you will lose the property. Also, real estate...